Mumbai, July 18 -- Net sales increased by 36.92% year-over-year (YoY) to Rs 62.04 crore during the period under review.

On a quarter-on-quarter (QoQ) basis, net profit dropped 84.32%, while net sales fell 35.30% in Q1 FY26.

Total expenses increased 24.33% to Rs 60.86 crore in Q1 FY26 as compared to Rs 48.95 crore reported in Q1 FY25. Cost of materials consumed stood at Rs 26.55 crore (up 34.43% YoY) and employee benefit expenses were at Rs 8.45 crore (up 13.72% YoY) during the period under review.

The company reported a profit before tax of Rs 1.31 crore, compared to a pre-tax loss of Rs 3.54 crore in the same period last year.

Meanwhile, the company's board has approved the appointment of Rajeev Goyal as an additional non-executive a...